Euro area financial vehicle corporation statistics: first quarter of 2019

In the first quarter of 2019 the outstanding amount of debt securities issued by euro area financial vehicle corporations (FVCs) engaged in securitisation decreased to €1,449 billion, from €1,451 billion at the end of the previous quarter. Net redemptions of debt securities by FVCs during the first quarter of 2019 amounted to €14 billion. Euro area FVCs’ holdings […]

Contamination of European seas continues despite some positive progress

There is a shared vision to achieve clean, non toxic seas but their contamination with synthetic substances as well as heavy metals continues to be a large-scale problem in Europe. According to a new European Environment Agency (EEA) report, published today, between 75 and 96 % of the assessed area of Europe’s regional seas have […]

Restrictions in use of Xeljanz while EMA reviews risk of blood clots in lungs

EMA’s safety committee (PRAC) is recommending that doctors must not prescribe the 10 mg twice daily dose of Xeljanz (tofacitinib) in patients who are at high risk of blood clots in the lungs. These include patients who have heart failure, cancer, inherited blood clotting disorders or a history of blood clots, as well as patients […]

Working group on euro risk-free rates seeks feedback on EONIA to €STR legal action

Feedback sought on recommendations for new and legacy contracts referencing EONIA Consultation addresses methodology change for EONIA in October 2019 and its discontinuation at the end of 2021 Working Group recommends that all market participants switch to €STR  as soon as possible Today the working group on euro risk-free rates has launched a public consultation […]

Consolidated financial statement of the Eurosystem as at 10 May 2019

In the week ending 10 May 2019 gold and gold receivables (asset item 1) remained unchanged. The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.8 billion to EUR 286.7 billion. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 […]

Record number of asylum applications by visa-free nationals

Applications for international protection from Latin American countries continue to increase   In March 2019, applications for international protection in the EU+ were significantly higher than a year ago, at 58,778 (+20 % compared to March 2018). This increase is partly due to the highest recorded number of applications by nationals exempt from visa requirements to enter the […]

Euro area securities issues statistics: March 2019

The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 2.4% in March 2019, compared with 2.6% in February. For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 0.4% in March 2019, compared with 0.6% in February. Debt securities New issuance of debt securities […]

Member States must require employers to set up a system enabling the duration of daily working time to be measured

The Spanish trade union, Federación de Servicios de Comisiones Obreras (CCOO), brought an action before the Audiencia Nacional (National High Court, Spain), seeking a judgment declaring Deutsche Bank SAE to be under an obligation to set up a system for recording the time worked each day by its members of staff. The union considered that […]